AI Robots Market-Overview, Share, Revenue, Trade Analysis,Growth Forecast and Company Profiles till 2023

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Oct 09, 2019 (AmericaNewsHour) — Global AI Robots Market Research Report – by Offering (Software, Hardware), by Type (Service Robots, Industrial Robots), by Technology (Machine Learning, Context Awareness, Natural Language Processing, Context Awareness), by Application (Law Enforcement, Research & Space Exploration, Others), and Region – Forecast to 2023

Overview:

The global AI robots market is expected to grow at a robust CAGR of 28.24% over the 2018-2023 forecast period. It was valued at USD 2.96 billion in 2017 and is expected to rise to USD 12.01 billion by 2023, as per Market Research Future (MRFR). AI robotics represents the zenith of robotics as we know it at present. The AI robots market is expected to make smooth progress over the coming years due to widespread popular and government support. AI robots represent the peak of what is technically possible in the robotics field at present and are being used in an increasingly diverse range of applications. The applicability of AI robots is highly diverse and is becoming increasingly diversified as new applications are discovered regularly. The increasing demand for the adoption of AI robots for companionship and entertainment is likely to be a major driver for the global AI robots market over the forecast period.

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On the other hand, the absence of a universal set of AI robot standards could hamper the growth of the AI robots market over the coming years. While AI robots have been a technical masterstroke, different innovations have been attributed to disparate players, leading to a diverse set of standards. As the technology becomes more user-accessible over the coming years, the development of a uniform set of standards can be expected, which would help smoothen the growth of the AI robots market.

The development of AI robots for the assistance of the differently abled and geriatrics is likely to be a major avenue for the global AI robots market over the forecast period. While the application of AI robots for companionship and entertainment has captured the public’s imagination, the immense utility of AI robots means they are more likely to be put to better use in the coming years, with geriatric care and assisting the differently abled likely to be near the top of the list. The healthcare sector would enjoy a considerable boost with the incorporation of AI robots, as the easy programmability of robots would lessen the burden on the primary caregiver and ensure consistency in healthcare delivery.

Segmentation:

The global AI robots market is segmented on the basis of offering, type, technology, application, and region. By offering, the market is divided into software and hardware. Software is segmented into AI platform and AI solutions. While, hardware is segmented into processors, storage devices, and network devices.

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By type, the AI robots market is segmented into service and industrial robots. Service robots are classified into ground, underwater, and aerial. On the other hand, industrial robots are categorized into traditional and collaborative industrial robots. Traditional robots comprise articulated robots, parallel robots, Scara Robots, cartesian robot, and others. By technology, it is segmented into machine learning, context awareness, computer vision, and natural language processing.

Major market applications include law enforcement, military & defense, public relations, personal assistance and care, education & entertainment robots, research & space exploration, agriculture, healthcare, industrial, stock management, and others.

Regional Analysis

Geographically, the AI robots market covers the latest trends in North America, Europe, Asia Pacific, and Rest-of-the-World.

Competitive Analysis

Leading players in the global AI robots market include NVIDIA, ABB, Intel, Microsoft, Alphabet, IBM, Harman International Industries, Xilinx, Fanuc, Kuka, Amazon, Blue Frog Robotics, Promobot, Softbank, Hanson Robots, Mayfield Robotics, Neurala, LG, Asustek Computer, and Jibo.

Report Methodology

Accuracy of the data has been maintained at all cost in the report. The report contains information gathered from primary interviews with the industry’s leading lights as well as information gathered from reliable secondary research. The research is carried out according to a domain-specific formula to ensure the accuracy of the data gathered. A comprehensive look at the market is provided through the report’s granular look at the market’s segmentation, and the use of a top-down and bottom-up approach supports this premise.

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Global AI Robots Market by Offering

Software

AI Platform

AI Solutions

Hardware

Processors

Storage Devices

Network Devices

Global AI Robots Market by Type

Service Robots

Ground

Underwater

Aerial

Industrial Robot

Traditional Industrial Robots

Articulated Robots

Parallel Robots

Scara Robots

Cartesian Robot

Other

Collaborative Industrial Robots

Global AI Robots Market by Technology

Machine Learning

Context Awareness

Computer Vision

Natural Language Processing

Global AI Robots Market by Application

Law Enforcement:

Road Patrol

Riot Control

Military & Defense

Border Security

Search and Rescue Operations

Combat Operations

Spying

Public Relations:

Reception Robots

Tour Guiding Robots

Personal Assistance and Care

Elderly Assistance Robots

Companion Robots

Education & Entertainment robots

Research & Space Exploration

Agriculture

Healthcare

Industrial

Stock Management

Others

Global AI Robots Market by Region

North America

US

Canada

Mexico

Europe

Germany

UK

France

Italy

Spain

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

Rest of Asia Pacific

Rest-of-the-World

Middle East & Africa

Latin America

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

Contact Us

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Email:sales@kennethresearch.com
Phone: +1 313 462 0609

The post AI Robots Market-Overview, Share, Revenue, Trade Analysis,Growth Forecast and Company Profiles till 2023 appeared first on America News Hour.

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